160± Acre Tillable Income Farm For Sale With Great Return On Investment
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Summary
Property
- Type
- Farms
- Road Surface
- Gravel
- Fencing
- Low Fence
Land Details
- Tillable
- Pond
Approximate Distances
| 2.1 Mi | to Browning |
| 15 Mi | to Milan |
| 47 Mi | to Kirksville |
Utilities
| Electric: | Onsite |
| Water: | Nearby |
Features/Improvements
- Small Game
- Big Game
- Trail Network
Description
This 160± acre farm located in Linn County, Missouri, offers a strong mix of productive farmland and recreational potential. The property is made up primarily of tillable acres and provides consistent income through an established farming lease that is currently in place.
Approximately 140± acres of the property are being farmed and are leased at $250 per acre. This lease has four years remaining on a five-year agreement, providing a defined income stream for the next owner. At the current asking price, the farm is generating an estimated return of about 3.5% based on the current rental agreement. The lease structure allows the buyer to step into an established arrangement without the need to immediately secure a tenant farmer.
The farm’s layout is well-suited for continued row crop production, with the majority of the acreage being utilized for agriculture. The balance of the property provides areas that can support wildlife habitat and recreational use. In addition to the farming income, the property has previously been leased for hunting, offering the potential for an additional revenue stream. Investors and landowners who value both agricultural production and outdoor recreation may find this property fits well within a diversified land ownership strategy.
Access to the property is convenient, located a short distance from Highway 5, which allows for efficient travel to and from the farm for both farming operations and recreational visits. The location within Linn County places the property in an area known for productive agricultural land as well as strong deer and turkey populations, making hunting leases a common practice in the region.
The combination of productive tillable acreage, an existing cash rent lease, and hunting lease potential creates multiple income considerations for a buyer. The existing lease terms also provide stability for investors who are seeking farmland with established management in place. Whether the goal is long-term farmland ownership, agricultural investment, or a combination of income-producing land with recreational opportunities, this Linn County property offers a strong agricultural base with additional potential uses.
Details
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160± total acres located in Linn County, Missouri
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Approximately 140± acres currently in tillable production
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Farm lease in place at $250 per acre or $35,000 annually
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Four years remaining on existing five year lease
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Estimated 3.5% return at asking price
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Hunting lease history on the property
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Potential for additional recreational income
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Located a short distance from Highway 5
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Productive farmland with established tenant
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Combination of agricultural income and recreational use potential
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Annual taxes: $259.35
Other
Coordinates
40.0109, -93.16535
Annual Taxes
$259
The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.
COOPERATING BROKER COMPENSATION: Please contact Listing Agent/Broker for terms of cooperating Buyer Broker compensation. Terms of compensation, if any, shall be ascertained by cooperating brokers before beginning efforts to accept the offer of cooperation. Buyer’s Agents/Brokers must be identified, by Buyers and/or their Brokers/Agents, on the first contact with Listing Broker/Agents to receive compensation. Otherwise, compensation will be at the sole discretion of the Seller, Broker, and Whitetail Properties Real Estate, LLC.
Real Estate Commissions and Cooperating Broker Compensation, if any, are fully negotiable and is not fixed or controlled by law, by Whitetail Properties Real Estate, LLC (or any division/trade name/DBA of), or its Agents/Brokers.
